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A comment on MasterCard to open up network to cryptocurrencies. Parent comment

Re:MasterCard to open up network to cryptocurrencies by soheil on Thursday February 11, 2021 @10:47AM (#26102812)
Exchanging != selling cryptocurrency

If I buy a Tesla with bitcoin and Tesla keeps recirculating the same bitcoin or at least majority of it to purchase raw material without selling it why does that must drive down the price of bitcoin?

[ Parent | on HN ]
Re:MasterCard to open up network to cryptocurrencies by nhumrich on Thursday February 11, 2021 @08:11PM (#26109726)
Because almost certainly, the implementation will be for the company, mastercard, tesla, etc, to immediately turn around and sell the crypto for $.
[ Parent | on HN ]